Section 10
Payment made by debtor to assignor to be held in trust for benefit of assignee in certain cases.
The Factoring Regulation Act, 2011
About this Act
An Act to provide for and regulate assignment of receivables by making provision for registration there for and rights and obligations of parties to contract for assignment of receivables and for matters connected therewith or incidental thereto.
Where no notice of assignment of receivables is given by the assignor or under his authority by
the assignee, any payment made by the debtor in respect of such receivables to the assignor shall be held
in trust for the benefit of the assignee which shall be forthwith be paid over to such assignee, as the case
may be, or its agent duly authorised in this behalf.